Phantom Network Releases Project Updates

Phantom Network released a handful of updates for its project PXN: Ghost Division in a recent tweet.

Below is a summary of the topics discussed in the post.

• Phantom Network aims to build "an innovative Web3 platform for the NFT and social space.:
  • The 10,000 PXN: Ghost Division NFTs, known as "Ghosts", will act as the keys to entering the ecosystem.
  • There will be something of value to traders, entrepreneurs, and content creators on the platform.
• Ghosts will generate the project's utility token $PXN in the future.
  • Ghosts will generate the token daily and how much they earn will be based on their ranks.
  • The date of $PXN's release is still undecided.
• The project is releasing an NFT token-gated platform that will be known as "The Umbral Terminal."
  • Phantom Network plans to integrate utilities and features into the platform.
  • Communication Channel.
    • Grants the ability to create text and voice chats that can be organized into separate channels and topics.
    • Private messaging to users with a specific wallet address.
  • Profiles and Social Media.
    • Users will be able to customize their profile picture and showcase their NFT collection on their profile as well as "badges and accomplishments."
  • Subscriptions.
    • The project runs off of what the team is referring to as SAAS (Software As A Service Model).
    • Phantom Network will take a cut of $PXN tokens to run the service.
    • Users will have the ability to choose what they subscribe to based on their needs.
  • NFT Market Place and Customization.
    • Holders will be able to win or purchase cosmetic updates for their Ghosts and the ability to attach them to their NFT.
    • Users will need to use $PXN tokens to make the cosmetic updates go through.
  • Phantom Network Information System (PxNIS).
    • The project is dropping what they are referring to as "information board space" and giving users the ability to bid on it using $PXN.
    • Information boards can be used to publish content and advertisements. 
  • Greymarket
    • Greymarket can be used to list or purchase items that can be purchased in $PXN and $ETH.
    • There will be a rating system for sellers and sellers with good ratings will receive additional perks.
    • Ghosts can be used as collateral "to defer potential scammers."
    • Users will have the ability to directly message sellers.
  • Recruitment Application Terminal (R.A.T.).
    • R.A.T. will be used as a way to give Ghosts access to employment opportunities as well as a way to showcase their skills.
    • It will act as a "recruitment board" and will have employment listings posted on it.
  • White Boxes.
    • White Boxes will be dropped to holders weekly and contain items ranging from allowlist spots to other projects to $PXN and cosmetic items.
    • For every Ghost a user has in their wallet they are able to claim the same number of White Boxes per week.
    • The team is integrating a "bad luck protection system" that guarantees the users will not have a continuous streak of bad rewards.
  • Regiments.
    • There are 100 regiments in the ecosystem that will be led "autonomously" by chosen Ghosts.
    • Regiments are able to implement councils and hold elections to select leaders.
    • Each group will receive an allotment of $PXN to help contribute to their efforts.
  • Ranks.
    • Ranks determine how much $PXN a Ghost yields.
    • The lowest rank is known as "Second Lieutenant" and yields 1 $PXN and the highest rank known as "General of the Army" yields 1,000 $PXN.
    • The rest of the rankings and yield are as follows.